Newmont (NEM) EVP Cmil reports RSU tax-withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newmont Corp executive reports share dispositions for tax withholding. EVP and Chief People Officer Jennifer Cmil reported two transactions in Newmont common stock related to tax obligations on restricted stock unit vesting, rather than open-market sales.
On February 26, 1,451 shares at $124.85 per share were withheld to cover taxes on the vesting of 3,846 stock-settled restricted stock units, leaving 70,135 shares held directly. On February 27, 1,683 shares at $127.47 per share were withheld to satisfy taxes on the vesting of 5,081 stock-settled restricted stock units, after which Cmil held 68,452 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cmil Jennifer
Role
EVP and Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $1.60 par value | 1,683 | $127.47 | $215K |
| Tax Withholding | Common Stock, $1.60 par value | 1,451 | $124.85 | $181K |
Holdings After Transaction:
Common Stock, $1.60 par value — 68,452 shares (Direct)
Footnotes (1)
- Shares withheld to satisfy tax withholding obligation applicable to the vesting of 5,081 stock-settled restricted stock units. Shares withheld to satisfy tax withholding obligation applicable to the vesting of 3,846 stock-settled restricted stock units.
FAQ
What insider transactions did Newmont (NEM) report for Jennifer Cmil?
Jennifer Cmil reported two tax-related share dispositions. On February 26 and 27, she had 1,451 and 1,683 Newmont shares withheld, respectively, to satisfy tax obligations arising from vesting stock-settled restricted stock units, rather than selling shares in the open market.
What do the restricted stock unit footnotes mean in this Newmont (NEM) Form 4?
The footnotes explain that the disposed shares were withheld to satisfy tax obligations on vesting restricted stock units. Specifically, 5,081 and 3,846 stock-settled restricted stock units vested, and corresponding Newmont shares were withheld instead of cash to cover associated tax liabilities.
Is Jennifer Cmil’s Newmont (NEM) Form 4 filing an open-market stock sale?
The filing reflects tax-withholding dispositions, not open-market sales. Code F transactions indicate shares were delivered back to satisfy tax liabilities upon vesting of stock-settled restricted stock units, meaning the executive did not execute discretionary sales on the open market for these amounts.